content tagged with halkbank trial

The order of the 2nd US Circuit Court of Appeals in Manhattan has allowed Turkey’s state-owned Halkbank to lodge an appeal without having to defend against the criminal case at the same time.

According to the decision of the US Industry and Security Bureau, former Halkbank executive Atilla “may not, directly or indirectly, participate in any transaction involving any commodity, software or technology exported or to be exported from the US.”

Turkey's state-owned bank had applied for recusal, claiming that Judge Berman had "relations with Gulenists."

With its appeal rejected, Turkey’s state-owned Halkbank has agreed to attend the hearings in the lawsuit filed for evading the US sanctions against Iran.

"Halkbank has two reasonable choices: It can either appear in a US court to raise any legitimate defense or it can choose not to appear and face any attendant risks," Judge Berman has said.